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SUBSEQUENT EVENTS
12 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 11 – SUBSEQUENT EVENTS

 

Management has evaluated events through September 25, 2026, the date these financial statements were available for issuance, and determined there were no events requiring disclosures, except as disclosed below:

 

In August 2026, the Company repaid its outstanding note payable with a principal balance of $100,000 and accrued interest of $9,178.

 

On July 20, 2026, the Company awarded 330,000 restricted stock units to each of Garret Hall and Matthew Albanese, respectively. The restricted stock units vest on July 20, 2026.

 

On July 20, 2026 the Company awarded 100,000 options to purchase common stock to William Benz. The stock options have an exercise price of $1.39 per share, a term of 5 years, and vest as follows: 50,000 options vest on July 20, 2027, the Grant Date; 25,000 options vest on the first anniversary of the Grant Date; and the remaining 25,000 options vest on the second anniversary of the Grant Date, subject to continued service with the Company through the applicable vesting dates.

 

On August 1, 2026, Mr. Benz’s annual salary was increased to $275,000 per year.